Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE HealthCare
GEHC
|
+$484M |
| 2 |
Microsoft
MSFT
|
+$417M |
| 3 |
Amazon
AMZN
|
+$365M |
| 4 |
Apple
AAPL
|
+$357M |
| 5 |
Merck
MRK
|
+$311M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$420M |
| 2 |
SIVB
SVB Financial Group
SIVB
|
+$288M |
| 3 |
Philip Morris
PM
|
+$246M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$228M |
| 5 |
Meta Platforms (Facebook)
META
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.14% |
| 2 | Healthcare | 13.96% |
| 3 | Financials | 12.57% |
| 4 | Consumer Discretionary | 10.55% |
| 5 | Industrials | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VERV
2101
DELISTED
Verve Therapeutics
VERV
| $12.8M | ﹤0.01% |
885,771
+38,038
| +4% | +$745K |
|
|
CHUY
2102
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $12.8M | ﹤0.01% |
356,015
+8,224
| +2% | +$281K |
|
|
GOLD
2103
Gold.com Inc
GOLD
$1.26B
| $12.7M | ﹤0.01% |
366,428
+14,320
| +4% | +$476K |
|
2104
ProPetro Holding
PUMP
$1.35B
| $12.7M | ﹤0.01% |
1,765,556
+94,692
| +6% | +$859K |
|
|
KREF
2105
KKR Real Estate Finance Trust
KREF
$499M
| $12.7M | ﹤0.01% |
1,114,484
+43,991
| +4% | +$617K |
|
|
GOGL
2106
DELISTED
Golden Ocean Group
GOGL
| $12.7M | ﹤0.01% |
1,330,844
+60,981
| +5% | +$576K |
|
2107
Fulgent Genetics
FLGT
$527M
| $12.6M | ﹤0.01% |
404,664
+9,134
| +2% | +$294K |
|
2108
Health Catalyst
HCAT
$128M
| $12.6M | ﹤0.01% |
1,081,251
+33,302
| +3% | +$425K |
|
|
KAMN
2109
DELISTED
Kaman Corp
KAMN
| $12.6M | ﹤0.01% |
550,954
+25,985
| +5% | +$618K |
|
2110
GoPro
GPRO
$126M
| $12.6M | ﹤0.01% |
2,503,089
+79,358
| +3% | +$428K |
|
2111
Sanofi
SNY
$104B
| $12.6M | ﹤0.01% |
230,989
-1,176
| -0.5% | -$57.2K |
|
2112
Anterix
ATEX
$1.94B
| $12.5M | ﹤0.01% |
379,648
+12,757
| +3% | +$418K |
|
|
NUVL
2113
DELISTED
Nuvalent
NUVL
| $12.5M | ﹤0.01% |
480,383
+24,032
| +5% | +$711K |
|
2114
Braze
BRZE
$2.99B
| $12.5M | ﹤0.01% |
361,970
+36,327
| +11% | +$1.13M |
|
2115
Xponential Fitness
XPOF
$211M
| $12.5M | ﹤0.01% |
410,409
+83,491
| +26% | +$2.21M |
|
|
HSII
2116
DELISTED
Heidrick & Struggles
HSII
| $12.5M | ﹤0.01% |
410,660
+1,325
| +0.3% | +$40.6K |
|
2117
Anavex Life Sciences
AVXL
$310M
| $12.5M | ﹤0.01% |
1,452,878
+47,414
| +3% | +$473K |
|
|
BRSP
2118
BrightSpire Capital
BRSP
$648M
| $12.4M | ﹤0.01% |
2,109,878
+349,128
| +20% | +$2.39M |
|
|
XRN
2119
Chiron Real Estate Inc
XRN
$477M
| $12.4M | ﹤0.01% |
273,092
+5,954
| +2% | +$300K |
|
2120
Grid Dynamics Holdings
GDYN
$615M
| $12.4M | ﹤0.01% |
1,083,479
+111,528
| +11% | +$1.31M |
|
2121
Lemonade
LMND
$4.1B
| $12.4M | ﹤0.01% |
869,104
+23,107
| +3% | +$351K |
|
|
HAYN
2122
DELISTED
Haynes International, Inc.
HAYN
| $12.3M | ﹤0.01% |
246,118
+12,191
| +5% | +$641K |
|
|
UDMY
2123
DELISTED
Udemy
UDMY
| $12.3M | ﹤0.01% |
1,395,532
+82,161
| +6% | +$867K |
|
2124
Transcat
TRNS
$871M
| $12.3M | ﹤0.01% |
137,793
+4,467
| +3% | +$380K |
|
2125
Autohome
ATHM
$2.62B
| $12.3M | ﹤0.01% |
368,992
+13,876
| +4% | +$468K |
|
Similar funds
Geode Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Geode Capital Management held 4,968 positions worth $770B, up 8.1% from $713B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q1 2023: portfolio turnover was 4.6%. Geode Capital Management opened 69 new positions and exited 162, leaving the 4,968-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q1 2023 buy was GE HealthCare: 6,775,612 shares worth $554M.
- Geode Capital Management added most to Microsoft in Q1 2023, an estimated $417M increase.
- Geode Capital Management's biggest Q1 2023 reduction was GE Aerospace, cutting an estimated $420M.
- Geode Capital Management fully exited SVB Financial Group in Q1 2023, selling an estimated $288M.
- Geode Capital Management's ten largest holdings make up 23% of its $770B portfolio in Q1 2023.
- Geode Capital Management opened 69 new positions and closed 162 in Q1 2023.
- Geode Capital Management's portfolio value rose 8.1% quarter-over-quarter to $770B.
Based on Geode Capital Management's 13F filing for Q1 2023, filed 15 May 2023.